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Title:The Euro changeover and price adjustments in Italy PDF Logo
Authors:Caporale, Guglielmo Maria
Girardi, Alessandro
Ventura, Marco
Issue Date:2011
Series/Report no.:CESifo working paper: Monetary Policy and International Finance 3386
Abstract:By estimating a staggered price model over the period 1980q1-2010q2, this paper documents that, after the euro changeover, Italian retailers have increased the number of price adjustments, which has translated into a higher inflation rate, with a detrimental effect on the competitiveness of the Italian economy.
Subjects:Euro changeover
staggered price adjustments
inflation
JEL:C22
E31
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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